Hearing Protection Devices Market Opportunity Analysis, and Industry Forecast till 2024

One in 10 people in the U.S. suffer from hearing impairment, which later troubles an individual’s ability to recognize and understand the normal speech. Intense sound exposure is one of the most general causes of impaired hearing. This can be experience at industrial area, traffic, manufacturing site, and mines. The workers working in these premises are subjected to high noise levels, which can lead to long-term hearing loss. There are various basic effective hearing conservation programs conducted at various industrial and construction premises, though these rely on use of hearing protection devices rather than on means to reduce exposure to high noise levels. A data analysis by National Health and Nutrition Examination Survey in the U.S. stated that the prevalence of hearing impairment between 2000 and 2012 among the teenage group was 5.3-6.0%. Some of the occupational decibel levels and incidence rates of hearing loss at age 50 at manufacturing site and farming is 105dB and hearing loss at age 50 is 30% and 36%, respectively. At construction sites, the decibel level is 120dB and around 60% of people experience hearing loss in this sector.

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The global hearing protection market was valued at US$ 908.3 million in 2015 and is expected to witness a CAGR of 10.8% during the forecast period (2016 – 2024).

Hearing loss is the inability to hear any kind of sounds, whereas deafness is the inability to know and understand speech heard even after the sound is amplified. Intense deafness means an individual cannot hear at all, characterized by the inability to detect or identify sound, even at highest volume. According to Hearing Loss Association of American, in 2013, around 20% of the population of the U.S.—approximately 48 million people—reported some level of hearing loss. At an older age of around 65 years, the proportion of hearing loss is 1:3. Around 60% of individuals who experience hearing loss are either part of the workforce or are in an educational settings. In the U.S., 2-3 in every 1,000 children are born with hearing loss, naturally, by either one or both the ears, and around 15% of teenagers have some level of hearing loss.

Market Dynamics

A study conducted by Noise and Health organization in Accura, Ghana, a total of 101 mill workers were examined and found that 23.7% were identified with the hearing loss symptoms. According to the Bureau of Labor Statistics’ (BLS) Quarterly Census of Employment and Wages, there are of approximately 74% of hearing loss cases in the U.S. due to manufacturing. Furthermore, approximately 12 million workers in the country are involved in the manufacturing sector. Bureau of Labor Statistics’ (BLS) explains that hearing loss is one of the factor of any individual illness among the manufacturing workers. According to Survey of Occupational Injuries and Illnesses, in the U.S., in 2012, hearing loss accounted for 12% or 18, 500 cases of all recordable cases. At the state level, Ohio Survey of Occupational Injuries and Illnesses data for 2012 recorded a total number hearing loss factors was in private sector industries itself be around 5,000 cases. Out of 5000 cases, hearing loss cases reported in Ohio’s manufacturing industries were around 800 to 900 days.

Around 60% of operating engineer working at construction industry report that they have trouble in understanding speech

An estimated one-third of the all impaired hearing cases are related to noise exposure. Occupational noise exposure is the one of the most common causes of noise induced hearing loss in the U.S. In 2013, around 10% i.e. around 22 million people of age group 20 to 69 years in the U.S. suffered from permanent hearing loss as they were exposed to high or loud noise at construction and/or respective work environment. Specifically, increasing number of workers at construction or manufacturing site and increasing adoption of hearing control devices in developed regions to boost growth of the hearing protection market. Noise-induced hearing loss is one of the prominent diseases in the U.S. and the second-largest self-reported occupational illness or injury. Certain jobs that involve loud noise exposure include mining, tunneling, drilling, heavy engineering, operation carried by powerful combustion engines such as trucks, construction vehicles, etc. With the increase in exposure of workers to such noise leads to increase prevalence of impaired hearing.

Though Asia Pacific is characterized by low awareness regarding hearing protection, the hearing protection market in region is expected to witness significant growth in the near future, due to increasing spending on improving health and safety standards in countries such as India and China. The areas where the workers are exposed include agriculture, mining, construction, manufacturing, utilities, transportation, and the military. In order to minimize sound exposure there are many hearing protection devices developed, which allow permissible level of decibel that do not cause any adverse effects.

In 2010, the Department of Veterans Affair spent around US$1.2 billion to reimburse over 1.4 million veterans on the grounds of service-associated hearing loss and tinnitus. Thus, noise induced hearing loss is an important public health concern for the general population and at the workforce, in advertently creating a highly conducive environment for growth of the global hearing protection market.

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Noise Induced Hearing Loss creates enormous economic burden and human suffering effecting the hearing protection market

Though it is known that hearing impairment is not a life-threatening health concern, however hearing loss has a major impact on an individual’s quality of life. In the U.S. around 12% of total population suffer from hearing impairment caused due to loud noise. The Occupational Safety and Health Administration recognized that an annual hearing test should be conducted and is important for workers to have a proper and speech recognition understanding at work. Many governmental policies raised funds for the people who have experienced impaired hearing at work and lost hearing completely. The compensation cost for hearing loss among workers has been steadily increasing. In 2008, 12.2% of the in-service injuries and diseases were related to Noise Induced Hearing Loss, with a financial impact of an estimated US$ 242.4 million annually. These factors collectively create a highly conducive environment for growth of the global hearing protection market.

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